Samsung Electronics reported a drastic increase in net profit, rising to 9.84 trillion South Korean won ($7.11 billion) in the second quarter from 1.72 trillion won in the previous year, as stated in the company's financial report. Analysts polled by FactSet had anticipated an average net profit of...

Hugo Boss is expected to provide updates on its sales and profit targets during its second-quarter results announcement on Thursday. Investors are particularly focused on whether the company will push back its key financial goals beyond 2025, following a challenging period of weakened global...

PayPal Holdings, an American payment system, saw an 8% gain in sales and a 10% increase in net profit in the second quarter, both of which above market expectations. The company released a press release stating that net income increased to $1.13 billion in the April-June period from $1.03 billion...

Procter & Gamble (P&G) reported an unexpected drop in fourth-quarter sales, as global demand for its Charmin toilet paper and Pampers diapers declined despite efforts to stabilize prices. This news sent P&G’s shares down 5% before the bell on Tuesday.   Attempts to raise prices...

Philips' shares increased by more than 10% after the company announced second-quarter results on Monday that above analysts' projections due to cost reductions, some of which came from job cutbacks, and the disclosure of a sizable insurance settlement associated with liability claims.  ...

Three years after submitting its application, the British fintech firm Revolut was granted a banking license in the UK. According to the Financial Times, this is anticipated to accelerate the company's growth in the biggest market in the nation. The Prudential Regulation Authority (PRA) of the...

Nvidia has approved the first-ever usage of Samsung Electronics' fourth-generation high bandwidth memory, or HBM3 chips, in its CPUs, according to three persons briefed on the situation.   However, the approval is a little subdued since, according to the individuals, Samsung's HBM3 chips...

On the social networking platform X, Tesla CEO Elon Musk has started a poll asking people if the electric automaker should spend $5 billion in his artificial intelligence business, xAI. According to the majority of early votes, this is a move that should be made.   The poll was conducted...

Johnson Controls' heating, ventilation, and air conditioning (HVAC) operations are being acquired by German technology giant Bosch. The transaction is worth $8 billion. Stefan Hartung, the CEO of Bosch, claims that this is "the biggest deal in the history" of his company. It will fortify the German...